The EOSex Website: http://www.eosex.com
To answer this question, I propose to determine the wording of the basic concepts.
The Blockchain - is a continuous sequential chain of blocks (a linked list) that contains information according to certain rules. Most often, copies of blockchains are stored on many different computers independently of each other.
Cryptocurrency - a type of digital currency, the creation and control of which are based on cryptographic methods.
As a rule, accounting cryptocurrency decentralized. The functioning of these systems is based on such technologies as blockchain, directed acyclic graphic, consensus register (ledger), etc. Information about the transaction is usually not encrypted and is available in clear text. To ensure that the base of the transaction blockchain is unchanged, elements of cryptography are used (digital signature based on a public key system, sequential hashing).
The term was fixed after the publication of the article about Bitcoin system «Cryptocurrency”(cryptographic currency), published in 2011 in the Forbes journal. The author of Bitcoin article himself, like many others, used the term "digital cash".
Sometimes appears the new cryptocurrency as a fork from another cryptocurrency by changing the parameters, which makes them incompatible. In this case, both cryptocurrencies can have a common transaction history until the split.
Emission of different cryptocurrency can occur through mining, forking or ICO.
Discussions are underway on the economic nature and legal status of cryptocurrency. In different countries, cryptocurrencies are considered as a means of payment, specific product, may have restrictions in circulation (for example, the prohibition of operations with them for banking institutions).
Cryptoexchanges - is a high-tech centre in which all trade transactions are conducted on the basis of modern computer software created on the basis of the latest information technology solutions.
The emergence of new forms and types of currencies, in particular, cryptocurrency, led to the rapid development of the world economy as a whole. In turn, structural changes in the international economic system gave impetus to the emergence and development of new types of exchange technologies. Thus, crypto exchanges appeared, which allowed its participants anywhere in the world to buy, sell and exchange one cryptocurrency for others, or for currencies of other states.
Each crypto exchange offers customers convenient ways to transfer digital assets, and also provides the ability to conduct transactions on its own terms.
High rates of development and distribution of cryptocurrency, which are based on the blockchain, as well as widespread acceptance of the world community and leading economists, ensures the further improvement of exchange technologies. This means that in an effort to provide the most comfortable conditions for their clients, each crypto exchange will take them to an even higher quality level of service.
EOSex is building a global one-stop trading platform for quality assets. We intend to provide a safe, fair, and transparent digital asset trading platform for the blockchain industry.
We are creating an ecosystem built on a distributed governance system that not only allows for the trading of cryptocurrencies but the trading of tokenized financial derivative products, making for a complete digital trading platform that can access the world. The founding team was an early adopter of the EOS platform, having already worked on a number of successful EOS-based projects. Thus, the team was able to clearly see early on the strong potential of the EOS platform and of the EOS community and moved to establish the EOSex.com website to begin building a platform that could capitalize on the coming explosive wave in digital asset trading on the EOS platform. The EOSex team brings together professionals from the fields of the blockchain, finance, IT, and law, backed by solid financial support, to create a fast, secure, open, self-governing, high-performance, transparent, community-based global digital asset trading platform.
Identified Problems
Low Trading Volumes:
There are currently thousands of cryptocurrencies currently trading on various exchanges around the world. As the number of quality tokens increases, the larger exchanges are forced to keep pace by constantly adding new trading pairs to their lineups. Bitfinex, for example, had only 60 trading pairs in December of 2017, but now has over 200. Plus, with regulations for cryptocurrencies still unclear in many countries, it can be difficult for fresh money to come into the crypto market, meaning that existing funds circulating within the circulating within the crypto markets end up getting spread out thinner and thinner across an increasingly large number of trading pairs, resulting in thinner trading volumes across the board. And, given the market’s preference for chasing the newest and latest tokens, the older, more established tokens end up seeing their trading volumes drying up over time, making it difficult for investors to get in or out of those tokens.
Difficulties Getting Listed on Exchanges: Larger exchanges often charge exorbitant fees for the privilege of listing a project’s token on their exchange, with the whole process of choosing which tokens get listed extremely murky and non-transparent. This process forces projects to spend a large portion of the funds that they raise from private and public token sales to pay for listing fees, funds which would otherwise be used for developing the actual project.
Very Little Variety in the Types of Digital Assets Available: Very few digital exchanges offer trading in futures products and even fewer offer trading in options products. So, despite the global nature of the cryptocurrency industry, the average crypto trader has very limited access to all of the other quality assets that the world has to offer. This issue will need to be overcome if digital asset trading is to become a truly global endeavour.
EOSex plans to offer digital asset spot trading, CFD trading, and on-chain trading. EOSex will issue exchange tokens, called EXP (EOSex Proof). Once EXP tokens have been issued, EOSex will no longer be an independent blockchain entity, but rather a distributed company controlled by its community, by EXP token holders, and by the EOSex foundation. All EXP token holders will share in the profits generated from EOSex. Thus, EOSex will become a community-based platform that will work together across all of its members and partners to create a global one-stop platform for quality digital assets.
The Advantages of Trading on EOSex:
• 3 – 100x Leverage Available!
EOSex maintains large funding reserves to provide deep margin support, unlike other exchanges that offer futures contracts or continuous futures contracts, but which often run into liquidity shortages. With EOSex, traders can easily go long or short from any price point.
• Users can Deposit USDT to use as Margin
EOSex not only gives users access to the top cryptocurrencies but gives access to these products via internationally recognized assets.
• The diverse range of products available for trading
The EOSex trading platform gives users access to the leveraged trading of the world’s major equities, key equity indexes, commodities (e.g., crude oil, gold, etc.), bitcoin, Ethereum, and any other asset class that attracts capital flows.
EOSex Proof
EXP is proof of membership in a community created by and based on EOSex. It does not belong to a single group or team; but, rather, it is owned by the entire community. Its purpose is to assist with the development of the community and to give everyone a say in that development.
EXP Distribution Breakdown
There will be a total of 10,000,000,000 ESOex Proof (EXP) tokens issued, which will be issued among Private Sale Investors, the Project Team (locked up), and among the EOSex community.
Benefits and Profit-sharing Enjoyed by EOSex Community
Each day, each EXP holder is entitled to share in 70% of profits generated on the EOSex exchange. Profits are calculated as 70% of the previous day’s exchange profits, divided by the total number of EXP tokens in circulation.
Each day, at 8 pm, Hong Kong time (GMT+8), a snapshot is taken of exchange profits generated during the previous 24-hour period and will be distributed to all EXP token holders at the ratio described above. Any user who has not logged into his/her account within the previous 24-hour period is considered absent from the community and forfeits their distribution for that day.
EOSex will use 30% of that day’s profits to buy back EXP tokens from the open market and then send those tokens to a dead address, taking them out of circulation and reducing the overall number of outstanding tokens. Daily figures will be published on the total number of EXP tokens in circulation, the total number of buy-backs, the total number of tokens sent to the dead address, and a breakdown of major token holders.
Attention! Investment Schedule.
There will be a total of 4 investment rounds from 15th of October to 20th of November 2018:
Would you like to be also a part of the new exchange? You are welcome!
EOSex (http://www.eosex.com/) is the Exchange for the EOS Community that offers trading in cryptocurrencies, CFDs, and on-chain token trading.
Telegram Customer Service Group: https://t.me/EOSexOfficial
Author: Oleh Khoroshko
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